Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1320 Madison Ave Toledo, OH 43604

    • Commercial real estate
    • 0.11 lot acres
    For Sale
    View listing
    $180,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gateway Youth Development Program / Charitable Organization / Social Service Agency
    • Gateway Development Center, LLC / Family Recreation Center

    Property Details for 1320 Madison Ave

    Year built
    1912
    Lot size
    0.11 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional three-story building presents a rare investment opportunity in the vibrant heart of downtown Toledo, Ohio. Situated on a 0.11-acre lot at 1320 Madison Avenue, Unit 1320, this property boasts numerous recent upgrades, making it an attractive proposition for a variety of uses. The building's prime location offers excellent visibility and accessibility, placing it within easy reach of local amenities, businesses, and transportation networks. The asking price of $180,000 reflects a compelling value for a property of this caliber in this desirable area. The current configuration allows for a potential leaseback arrangement, providing a steady income stream for the new owner. This presents a unique chance to acquire a well-maintained, upgraded building with immediate income potential in a thriving urban setting. Serious inquiries are encouraged to explore this exciting opportunity further and to discuss the specifics of the leaseback option. The property's size is not specified in the provided information, but its three-story structure and central location suggest significant potential for various commercial ventures. This is a turnkey opportunity for an astute investor seeking a strong return on investment in a dynamic downtown Toledo location. Don't miss this chance to own a piece of Toledo's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5435
    Latitude
    41.6558

    Comparable in this City

    • Value Estimation by Request
      30,780 SF

      725 Jefferson Ave

      Individual retail properties • 30,780 SF
      725 Jefferson Ave, Toledo, OH 43604
      View Details
    • Value Estimation by Request
      0.18 Acres

      2345 Monroe St

      COMMERCIAL (GENERAL) • 0.18 Acres
      2345 Monroe St, Toledo, OH 43604-5017
      View Details
    • Value Estimation by Request
      0.10 Acres

      573 Nebraska Ave

      COMMERCIAL (GENERAL) • 0.10 Acres
      573 Nebraska Ave, Toledo, OH 43604-8541
      View Details
    • Value Estimation by Request
      0.41 Acres

      509 City Park Ave

      COMMERCIAL (GENERAL) • 0.41 Acres
      509 City Park Ave, Toledo, OH 43604-8510
      View Details
    • Value Estimation by Request
      0.05 Acres

      124 Broadway St

      COMMERCIAL (GENERAL) • 0.05 Acres
      124 Broadway St, Toledo, OH 43604-8704
      View Details
    • Value Estimation by Request
      0.09 Acres

      134 20th St

      COMMERCIAL (GENERAL) • 0.09 Acres
      134 20th St, Toledo, OH 43604-5719
      View Details

    Similar Nearby for Sale

    • $180,000
      0.11 Acres

      Downtown Toledo 3-Story Building

      Prime Location, Many Upgrades, Leaseback Possible
      1320 Madison Ave, Toledo, OH 43604
      View Details
    • $1,100,000

      313 Morris St, Toledo, OH 43604

      Commercial real estate
      313 Morris St, Toledo, OH 43604
      View Details
    • $650,000
      16,560 SF

      Downtown Toledo Office Building

      Prime Office Space, $650,000
      622 Jefferson Ave, Toledo, OH 43604
      View Details
    • $650,000
      16,560 SF

      Downtown Toledo Freestanding Office Building

      Freestanding office building in Downtown Toledo with parking available.
      202 N Erie St, Toledo, OH 43604
      View Details
    • $4,950,000
      61,893 SF

      Downtown Toledo Office Building

      Seven-story office building with on-site parking in Downtown Toledo.
      1933 Spielbusch Ave, Toledo, OH 43604
      View Details
    • $850,000

      Historic Building in Prime Location

      23,600 SF historic building in the heart of the city.
      241 N Superior St, Toledo, OH 43604
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      30,600 SF

      Downtown Toledo Retail Space

      Historic building, 5,395 sq ft available
      33 Huron St, Toledo, OH 43604
      View Details
    • $12 SF/Yr

      Toledo Office/Commercial Space For Lease

      23,600 SF of versatile space in historic Toledo building.
      241 N Superior St, Toledo, OH 43604
      View Details
    • Contact for pricing
      1,800 SF

      Retail Storefront with Ample Parking

      1,440 SF retail space with high traffic and parking.
      5226 Monroe St, Toledo, OH 43604
      View Details
    • $18 SF/Yr
      2,718 SF

      Downtown Toledo Retail Space Available

      Mixed-use property in the Warehouse District near Fifth Third Field.
      608 Market St, Toledo, OH 43604
      View Details
    • Contact for pricing
      125,000 SF

      Premier Office Tower with Views

      Northwest Ohio's preeminent office tower with modern design features.
      550 N Summit St, Toledo, OH 43604
      View Details
    • Contact for pricing

      Downtown Toledo Retail Space Available

      Retail space for lease in renovated downtown Toledo building.
      710 Monroe St, Toledo, OH 43604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1320 Madison Ave
    Toledo, OH 43604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!